How Is Corporate Governance Born Part Two

The Figure Of The Company Secretary 

In the '40s companies begin to experience real control and monitoring of all matters related to their interests and business.

During this period, the development and implementation of the figure of the company secretary begin to be forged so that he can supervise the board of directors and at the same time serve as legal and corporate counsel. 

However, the first roles of the company secretary are developed in simple administrative and communication tasks. It is from the '90s onwards when companies such as IBM or Kodak opt to make drastic changes so that conflicts between management and the board of directors do not affect interests and business, and the role of the company secretary takes on a greater dimension and relevance. 

Background That Helped 

Thanks to the scandals of companies such as Enron or Tyco, the figure of the company secretary, supported by corporate governance, becomes fundamental in developing measures that protect the interests of the company through transparency, work ethics, social responsibility, and the identification and control of risks.